Structural Regulation

Hong Kong Names Julia Leung as New SFC Chief

16/12/2022

Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.

Fraud, Scams & Cybercrime

Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023

16/12/2022

More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.

Market Risk

China Asks Banks to Absorb Selling Pressure in Bond Markets

16/12/2022

Banks are asked to absorb selling pressure caused by retail investors withdrawing funds from wealth management products and bond funds.

Credit Risk

Stress Eases in Chinese Offshore Debt Market – Reports

15/12/2022

Chinese offshore dollar bonds have ended 14 months of losses. China’s banks have vowed to extend at least USD 179 billion of financing help to developers.

Liquidity Risk

FSB to Revise Recommendations on Fund Liquidity Management

15/12/2022

Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

Liquidity Risk

RBA’s Term Funding Facility Didn’t Boost SME Lending as Intended

15/12/2022

Researchers said the TFF did not directly increase business lending, but it did reduce banks’ funding costs and led to lower interest rates throughout the economy.

Capital Adequacy

Global Banking System More Resilient After Basel Reforms: BCBS

15/12/2022

Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.

Conduct, Culture & Accountability

MAS Proposes to Revise Fair Dealing Guidelines

15/12/2022

MAS proposes to widen the Guidelines to explicitly include all FIs and the corresponding products and services that they offer to their customers.

Cryptocurrency

Hong Kong to List First Crypto Futures ETFs on 16 Dec

15/12/2022

The ETFs are being launched by CSOP Asset Management, one linked to Bitcoin futures and the other to Ether futures traded on the CME.